Exhibit 12

FORD MOTOR COMPANY AND SUBSIDIARIES

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions)

	First Nine Months 2014
Earnings
Income before income taxes	$	4,398
Add/(Deduct):
Equity in net income of affiliated companies	(874		)
Dividends from affiliated companies	1,376
Fixed charges excluding capitalized interest	2,786
Amortization of capitalized interest	30
Earnings	$	7,716
Fixed Charges
Interest expense	$	2,653
Interest portion of rental expense (a)	133
Capitalized interest	15
Total fixed charges	$	2,801
Ratios
Ratio of earnings to fixed charges	2.8

__________

(a) One-third of all rental expense is deemed to be interest.